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全球聚异丁烯市场 2024-2031Global Polyisobutylene Market 2024-2031 |
预计在预测期内(2024-2031 年)聚异丁烯市场将以 5.6% 的复合年增长率成长。市场成长可归因于聚异丁烯在黏合剂和密封剂、橡胶汽车零件、燃料添加剂和润滑油添加剂等各种应用中的使用。无内胎轮胎由于更换方便且维护较少而在汽车行业广受欢迎。聚异丁烯起到氧气屏障的作用,使其成为无内胎轮胎气密层的合适材料。聚异丁烯 (PIB) 具有低透湿性和透气性以及优异的电流绝缘性。
市场动态
Global Polyisobutylene Market Size, Share & Trends Analysis Report by Molecular Weight Type (Low, Medium, and High), by Application (Adhesives and Sealants, Automotive rubber components, Fuel additives, Lubricant additives, and 2-stroke Engines), and by End Use Industry (Transportation Sector, Industrial, and Food), Forecast Period (2024-2031)
Polyisobutylene market is anticipated to grow at a CAGR of 5.6% during the forecast period (2024-2031). The market growth can be attributed to the use of polyisobutylene in various applications like adhesives and sealants, rubber automotive components, fuel additives, and lubricant additives. Tubeless tires have gained popularity in the automotive industry due to easy replacement and less maintenance. Polyisobutylene acts as a barrier to oxygen, making it a suitable material for the inner liner in tubeless tires. Polyisobutylene (PIB) exhibits low moisture and gas permeability and excellent insulation for electric current.
Market Dynamics
The Growing the Construction Industry
Due to its tackiness and stability, which makes it ideal for various hot melt pressure sensitive adhesives, polyisobutylene offers many benefits in the construction industry as adhesives & sealants. Additionally, the need for machinery and equipment for manufacturing facilities is being fueled by an increase in industrialization and construction globally. As a result, hydraulic fluids and sealants are utilized extensively in these sectors. Excellent sealant qualities of polyisobutylene include a reduction in shrinkage.
Growth of the Transportation Industry across Developing Regions
Globally, there is a trend of rising demand from the tires and tubes market is a crucial market driver. Tire and tubes are crucial demand drivers of the market. The tires are made with strong rubber. Polyisobutylene is a rubber that can be modified according to every need. Due to its flexibility and wide range of features, the adoption rate is higher. The automotive industries have increased the usage of polyisobutylene synthetic rubbers. The high tensile strength and flexibility of the rubber make it suitable for this process. The demand from various users is a demand-driving factor. The rising consumer demand for consumer electronic devices such as smart TVs, wireless speakers, and home appliances is driving demand. The electrical industry is another crucial driver of this market. Investments in cause electronics play a major role in this market.
Market Segmentation
High Molecular Weight is Projected to Emerge as the Largest Segment
The high molecular weight segment is expected to hold the largest share of the market. High molecular weight polyisobutylene is a transparent solid rubber-like substance with ultra-high viscosity and molecular weight. The high molecular weight helps polyisobutylene to retain its high elasticity and resilient properties. Due to the above-mentioned properties, it is used in a wide range of applications, including stretch films, lubricants, and adhesives in the industrial, transportation, and food sectors.
Lubricant Additives Segment to Hold a Considerable Market Share
Lubricant additives hold a considerable market share. Emerging markets in Asia-Pacific due to the increasing industrial production are anticipated to drive the demand for industrial oil products over the forecast period. The chemical and mining industries are projected to be among the largest consumers of industrial lubricants. This growing trend is expected to boost the demand for industrial lubricants in applications, such as hydraulics, industrial engines, centrifuges, compressors, and bearings.
The global polyisobutylene market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America). North America is projected to observe a significant amount of growth in the polyisobutylene market due to the rise in the use of the product in several end-user industries such as automotive, marine, and packaging industries.
North America Holds Major Market Share
Among all the regions, Asia-Pacific holds a significant share owing to the region dominating the market for applications such as adhesives and sealants, lubricants, and fuel additives, among others. In March 2023, Pidilite announced the manufacture of Jowat's hot melt adhesive in India. The adhesives will be produced at Pidilite's manufacturing plant in Vapi, Gujarat. The company further announced that the adhesive will be manufactured under the Pidilite brand. Polyisobutylene is widely used in lubricants for modifying or improving the viscosity of the lubricant formulations to the desired final viscosity. The lubricants market is currently witnessing an increasing demand for high-performance lubricants owing to their better and improved properties, such as reduced flammability, reduced gear wear, and increased service life. Polyisobutylene is added to fuel to improve the viscoelastic property. Derivatives of polyisobutylene are used as ash-less dispersants (such as PIBSA) to minimize deposits and prevent oil thickening and formation of sludge.
The major companies serving the global polyisobutylene market include BASF SE, Daelim Co., Ltd, LANXESS AG, and The Lubrizol Corp., among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers, and acquisitions to stay competitive in the market. For instance, in September 2023, TPC Group successfully concluded the first phase of its di-isobutylene capacity upgrade, positioning itself to meet the surging global demand for di-isobutylene fueled by the widespread adoption of low global warming potential refrigerants.